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Reitmans (Canada) (TSXV:RET) Total Current Liabilities : C$120.9 Mil (As of Jul. 2024)


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What is Reitmans (Canada) Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Reitmans (Canada)'s total current liabilities for the quarter that ended in Jul. 2024 was C$120.9

Reitmans (Canada) Total Current Liabilities Historical Data

The historical data trend for Reitmans (Canada)'s Total Current Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Reitmans (Canada) Total Current Liabilities Chart

Reitmans (Canada) Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 189.89 284.54 99.03 122.95 105.47

Reitmans (Canada) Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 106.67 102.48 105.47 99.69 120.87

Reitmans (Canada) Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Reitmans (Canada)'s Total Current Liabilities for the fiscal year that ended in Jan. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=37.229+31.329
+Other Current Liabilities+Current Deferred Liabilities
=24.97+11.939
=105.5

Reitmans (Canada)'s Total Current Liabilities for the quarter that ended in Jul. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=73.408+34.068
+Other Current Liabilities+Current Deferred Liabilities
=3.742+9.647
=120.9

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Reitmans (Canada) Total Current Liabilities Related Terms

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Reitmans (Canada) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Reitmans (Canada) Ltd (TSXV:RET) » Definitions » Total Current Liabilities
Comparable Companies
TSX:ROOT XMAD:ITX TJX TSE:9983 ROST LULU BOM:500251 BURL LSE:NXT GAP ANF LSE:JD. TSE:2670 BOOT JSE:MRP TSE:8227 BOM:543426 URBN WAR:CCC TSX:ATZ
Traded in Other Exchanges
RTMNF:USA RTMAF:USA CX40:Germany RET.A:Canada
Address
155 Wellington Street West, 40th Floor, Toronto, ON, CAN, M5V 3J7
Website
https://www.reitmans.com
Reitmans (Canada) Ltd is an apparel retailer based in Canada. Its main business is the sale of ladies' specialty apparel to consumers. The product offering comprises Tops, Bottoms, Dresses, Coats and Jackets, Blazers, Lingerie and Sleepwear, among others. It also sells accessories such as Scarves, Bags, Belts, Sunglasses and others. The company operates an e-commerce website shopping for all its banners. Some of its revenue sources are from the sale of merchandise, customer loyalty award programs and sale of gift cards. The group offers its products through the retail banners of Reitmans, Penningtons and RW & CO. The Company's operating segments, operate in the women apparel business, in Canada.
Executives
Richard Wait Senior Officer

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